Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

7.6 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Bitcoin has maintained a high-level consolidation during the day, with short-term trends being relatively stagnant, providing few opportunities. Yesterday, Bitcoin did not break upward; it faced resistance and retraced near the 108360 level. Although it rebounded after pulling back to around 107800, the overall trend continues the range consolidation from yesterday, with the current price operating near 108000, and the range has somewhat compressed.

From the daily chart perspective, the price closed positively yesterday, but the market did not break upward. Both bulls and bears are gradually becoming stagnant. The current price is testing the five-day attack line, and the overall trend continues the oscillation pattern from yesterday. Currently, the indicators are flattening, indicating that the expected oscillation market will continue for some time.

On the short-term hourly chart, the Bollinger Bands are parallel and moving forward, with prices fluctuating around the middle band. Market sentiment has once again entered a sluggish state, with the price range fluctuating only about six hundred points so far. The short-term market is leaning towards oscillation, and the operation positions should be high for short and low for long. The upper resistance is focused on 108500-109000, while the lower support is focused on 105800.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

7.6 Short-term Reference for Bitcoin:

Lower test entry point 109500-108500, defend at 111500, stop loss: 500, target below 107800.

Upper test entry point 105500-106600 long, stop loss 500, defend at 104000, target above 107000.

There may be delays in article sending, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment of the market is, always set stop-loss and take-profit levels to secure your gains.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in cryptocurrency, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study together. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

Exclusive opinions, there may be delays in article sending, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, plagiarism is refused, and original content is respected!

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